Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$1,200.57
Total Interest
$6.57
Number of Monthly Payments
3
Monthly Payment
$400.19
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1,194.00$3.28$396.91$797.09$3.28$400.19
2$797.09$2.19$398.00$399.09$5.48$800.38
3$399.09$1.10$399.09$0.00$6.57$1,200.57